Established Bar/Restaurant For Sale

Fishkill, NY (Dutchess County)

Established Bar/Restaurant For Sale
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Asking Price: $360,000

Cash Flow: $100,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $65,000

Inventory: $19,000*

Rent: $8,500 /Month

Established: 2013

*not included in asking price.

Established Bar/Restaurant For Sale

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Business Description

Turn Key Operating Business

TURN KEY!! Listed is an established and operating business. In the heart of southern duchess county, We are located on Route 9, inside a shopping plaza,which has Daily Average traffic of approx 41,000 . Fully renovated 4 years ago, has over 100k in lighting upgrades, marble bar top that seats 20 patrons, 8 sofa chairs and 4 high tops for a small lounge area, and another 25 tables for full dining experience. Also has 24 beer lines. Total reno cost was a little shy of the 7 figure mark, including bathroom, kitchen and dining area upgrades. USB chargers and purse hooks under the bar top for patrons to enjoy. 6 foot projector inside the bar area, to put on live sports events, in additions to the 6 other televisions behind the bar. Custom made chalk board decor on the walls to promote weekly specials and events. Fully handicap accessible. Approx 145 patrons can be seated at once. Full Cabaret License with accordance of local municipality, which allows live music on weekends. ** Currently partnered with DoorDash, generating an additional 2k a month in delivery sales**

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,400
Lease Expiration:
9/1/2023
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Includes everything inside the 4 walls, POS system, televisions, all cooking equipment, all fixtures and furnishings. Full parking lot with plenty of space, not having spots is never an issue.
Competition:
Location is Prime, has always been a food service establishment going back 30 years, we are serving some new american fare, with craft beers as the focus, as the market for craft beer has exploded last few years.
Growth & Expansion:
Over 4 years left on lease, Landlord would be happy to negotiate extension with future operator.
Support & Training:
Will transition with new ownership 100%, and provide all support needed until they are comfortable
Reason for Selling:
Family Medical Issues
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Business Listed By:
Frank Ciafardini

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